Meanwhile, more than one lakh units have been booked ever since it was launched in India in August 2014.The new Elite i20 is the second generation version of the i20 hatchback and is already enjoying a good demand in India. After the Grand i10 and the Xcent, this hatchback is the third product from Hyundai to achieve such a big milestone.

"The plant is producing (the i20) at full capacity. It will be ramped up by a few more thousand. As of March 16, Hyundai received 4,68,184 enquiries and 1,03,960 bookings for the i20. The car has a waiting period of two-and-a-half months," Rakesh Srivastava, senior Vice President, marketing and sales, Hyundai Motor India said.

The car maker plans to improve the domestic volumes by selling more than four million vehicles this year. The manufacturer also recently launched the i20 Active, a crossover based on the i20 hatchback. The company also aims at increasing their market share with the help of such new products for the Indian car market.